Sovereign Trust (Cyprus) provides company formation and administration services, together with a range of business support services to suit your requirements and provide economic substance. We specialise in inbound and outbound investment, reorganising existing corporate structures and repatriating earnings, while providing the necessary support to assist companies of all sizes to set up and sustain operations successfully. We can further assist with a variety of fund and licence applications.
Sovereign Trust (Cyprus) assists families and entrepreneurs with all aspects of the design and implementation of structures, using trusts, foundations, companies and funds, for secure, efficient wealth and succession planning. Sovereign has broad experience in managing trusts and estates with complex structures involving assets and beneficiaries in multiple jurisdictions, as well as the legal, tax and compliance issues that arise when the laws of several jurisdictions may apply.
Why choose Cyprus?
Cyprus’s competitive advantages are significantly enhanced by an effective legal system and an attractive tax regime, which offers a wide range of incentives and advantages both for companies and individuals.
As a former British colony, Cyprus’ legal system is based on English Common Law principles and is widely recognised as providing transparency and reliability in business practices. Cyprus business legislation is also similar to that of the UK and, as a full EU member state, companies in Cyprus enjoy full access to European markets and EU trade agreements.
The key benefit of a Cyprus company is the uniform 12.5% corporate tax rate, which is one of lowest in the EU. Cyprus is also fully compliant with EU and international standards and provides access to an extensive network of more than 60 double tax treaties worldwide, including South Africa, Luxembourg, Mauritius, Singapore, the UK and the US. There is no tax on dividends, interest and rental income of non-domiciled individuals and no succession taxes.
In addition, Cyprus offers a dividend participation exemption, levies no tax on profits from disposal of securities, no withholding taxes, no tax on capital gains under certain conditions and no succession taxes. It also provides a Notional Interest Deduction (NID) on investment in Cypriot companies and an attractive intellectual property (IP) regime.
A company is considered to be tax resident in Cyprus if its business is managed and controlled in Cyprus. It does not have to limit its operations to Cyprus. There is also no restriction in relation to the residence or the nationality of the owner.